THE COMPANY I USED WAS APPLE (THE PREVIOUS PAPER IS ATTACHED)Revise your Week 3 economic analysis using the feedback provided byyour facilitator to evaluate the challenges of expanding your company’sproduction to a foreign market. This will require you to revisepreviously recommended pricing and non-pricing strategies for yourcompany’s product based on the selected country’s economy’s stage in thebusiness cycle and the projected economic conditions.-Discuss the evidence that supports your recommendations.-Select a foreign market in which to expand your chosen product.-Write a 1,750-word paper (including any material you include fromyour Week 3 assignment) detailing your findings. The use of tablesand/or charts to display economic data over the time period discussed ishighly encouraged.-Evaluate current global economic conditions and their effect onlocal macroeconomic indicators in your selected country. Considerforecasts for population growth, GDP growth, GDP per capita growth,export growth, and sales growth.-Differentiate the competitors’ existing production in the chosen country.- Assess forecast sales in the selected country.- Prioritize the type of economy that exists in your selectedcountry-closed, mixed, or market. What is the difference between thesetypes of economies and how might this affect your expansion?-Justify how your chosen country’s current credit market conditionsaffect demand for your product or service and your planning or operatingdecision for your production in that country.-Analyze the role of the selected country’s central bank on that country’s economy.-Compare the availability, education, and job skills of the work forcein the selected country. Discuss the additional challenges ofinternational production, such as political stability, availability ofgovernment financing or other incentives, threat of capital controls,and exchange rate risks.-Explain any additional supply chain challenges you anticipate ifattempting to sell your product made in your chosen country to countriesoutside of that market.-Recommend any comparative advantages your company will have over competitors in that country.-Defend your position, either for or against, expanding your company’sproduction into your chosen country based on your research.Cite a minimum of three peer reviewed sources not including the textbook.Format your assignment consistent with APA guidelines.